EarningsQ2 2026 Earnings Report
MX:TXN Q2 2026 EPS Results
Actual EPS$39.15
Consensus EPS$35.49
Beat/MissBeat by +$3.66
One Year Ago EPS$25.80
MX:TXN Q2 2026 Revenue Results
Actual Revenue$99.94B
Expected Revenue$96.19B
Beat/MissBeat by +$3.75B
YoY Revenue Growth+22.82%
Earnings Announcement Details
QuarterQ2 2026
Date07/22/2026
TimeAfter Close
Conference CallWednesday, July 22, 2026
MX:TXN Upcoming Earnings
Texas Instruments's next earnings date is estimated for October 27, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TXN Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong, broad-based operational and financial momentum: robust revenue and segment growth (notably industrial and data center), materially improved profitability and a sharp rebound in free cash flow. Management emphasized readiness on capacity and clean-room availability, started executing pricing initiatives, and provided above‑seasonal guidance for Q3. Key cautions included a flat personal-electronics result, a small decline in the Other segment, some reliance on CHIPS Act incentives in reported FCF, and potential near-term margin puts-and-takes (depreciation, OpEx posture and choppy ITC timing). Overall, positives — large revenue growth, margin expansion and cash generation — substantially outweighed the contained lowlights.Company Guidance
Strong Top-Line Growth
Revenue of $5.5B in Q2, up 13% sequentially and 23% year-over-year; company reported above-range Q2 results and booked above-seasonal guidance for Q3 (guide $5.65B–$6.15B).
Robust Segment Performance
Analog revenue grew 26% year-over-year and Embedded Processing grew 16% year-over-year; Other segment mildly declined.
Broad End-Market Strength (Industrial, Data Center, Automotive)
Industrial up ~30% YoY and ~10% sequentially; Data center revenue doubled (100% YoY) and grew ~20% sequentially; Automotive up mid-teens YoY and upper-single-digits sequentially — growth described as broad-based across sectors and regions.
Improved Profitability
Gross profit $3.4B (61% of revenue) with gross margin up 340 basis points sequentially; operating profit $2.3B (42% of revenue), up 48% YoY; net income $2.0B and EPS $2.14 (included $0.05 discrete tax benefit).
Strong Cash Generation and Capital Returns
Cash flow from operations $2.7B in the quarter and $8.7B TTM; free cash flow $6.5B TTM (up from $1.8B in Q2 2025); returned $5.8B to shareholders over the past 12 months and paid $1.3B in dividends in the quarter.
Balance Sheet and Liquidity
Cash and short-term investments $7.0B at quarter end; total debt $14.0B with weighted average coupon ~4%; inventory reduced slightly to $4.6B (down $90M) and inventory days declined to 196 (down 13 days sequentially).
Capacity Readiness and Operational Flexibility
Management reports available clean-room space, increasing factory loadings Q1→Q2 and ability to equip and ramp further; prepared to support rapid demand with inventory and capacity (Sherman, Richardson, Lehi footprints cited).
Executing Pricing Actions and Favorable Mix
Pricing was stable in H1; company has started executing customer-by-customer price increases (mainly on Analog) with some effects expected in Q3 and more into Q4 and next year; management also cited favorable mix from data center and industrial growth.
MX:TXN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed